Senior Product Manager Salary

Compensation for Senior Product Managers in the United States is generous, with average pay surpassing six figures annually ($116K). Cash earnings for Senior Product Managers — including $25K in bonuses and $20K in profit sharing proceeds near the top of the pay scale — generally stretch from $85K to $160K depending on individual performance. This group's pay is mainly influenced by the specific employer, followed by the particular city and tenure. Work is enjoyable for Senior Product Managers, who typically claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The information for this snapshot was generated by responses to the PayScale salary survey.

$80,361 - $146,446
(Median)
$80K
$120K
$150K
MEDIAN: $115,613
10%
50%
90%

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$18.90 - $76.03
(Median)
$19
$59
$76
MEDIAN: $58.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$80,361 - $146,446  
   
Bonus
$2,950 - $24,851  
Profit Sharing
$1,939 - $19,956  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,952 - $160,284  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 3,168
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$18.90 - $76.03  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$2,950 - $24,851  
   
Profit Sharing
$1,939 - $19,956  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,952 - $160,284  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 23
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Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.
  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.

Common Career Paths for Senior Product Manager


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Senior Product Managers may progress into high-paying roles like VP of Product Management, where median compensation is $176K annually. With an annual salary of $137K, Product Management Director is the most common role for Senior Product Managers to subsequently assume on their way up the ladder. Transitioning into a Marketing Director role — which usually pays $79K — is also typical for Senior Product Managers, though less common by comparison.

Senior Product Manager Job Listings

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Popular Employer Salaries for Senior Product Manager


Well-known firms with a reputation for hiring numerous Senior Product Managers include Amazon.com Inc, T-Mobile, Inc., Oracle Corp., Cisco Systems Inc, and Express Scripts Incorporated. Yahoo! Inc. offers the highest compensation with a median salary of $165K. Other employers shelling out big bucks include Google, Inc., eBay Inc., and Cisco Systems Inc, where Senior Product Managers typically earn around $162K, $158K, or $158K, respectively.

Known for its small paychecks, Oracle Corp. actually ranks last in the field for salary, reporting a median income of $95K — 74 percent lower than the top payer. Express Scripts Incorporated, T-Mobile, Inc., and Amazon.com Inc also rank near the bottom for pay, handing out $100K, $115K, and $136K-paychecks on average.

Popular Skills for Senior Product Manager


Senior Product Managers report using a large range of skills on the job. Most notably, skills in Program Management, Strategic Marketing, Strategy, and Product Marketing are correlated to pay that is above average, with boosts in pay of 6 percent. Skills that seem to negatively impact pay include Microsoft Excel, Microsoft Office, and Project Management. Most people experienced in Product Development also know Product Marketing, Business Strategy, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


More years of relevant experience do not necessarily translate to higher paychecks. The average inexperienced employee pulls down a cushy six-figure sum; the median salary for people claiming fewer than five years of experience is $111K. After working for 10 to 20 years, Senior Product Managers make a median salary of $129K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $130K.

Pay Difference by Location


Relative to Senior Product Managers in the rest of the country, Senior Product Managers in Sunnyvale, San Jose, and Mountain View see salaries beyond the national average. In fact, these California cities offer more pay than any other American city. Denver is the lowest-paying area, 11 percent south of the national average. Not at the bottom but still paying below the median are employers in Minneapolis and Atlanta (11 percent less).

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Experience Affects Senior Product Manager Salaries



National Average
$125,000



Skills That Affect Senior Product Manager Salaries





Product Management
up arrow 4%

Strategic Planning
up arrow 4%

Business Strategy
up arrow 3%

End User Requirements Research
up arrow 2%

Market Research
up arrow 1%

National Average
$125,000

Product Development
up arrow 1%

Marketing Management
up arrow 2%

Business Development
up arrow 2%

Project Management
up arrow 4%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 509 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
0%
1-4 years
10%
5-9 years
31%
10-19 years
47%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 90%
vision benefits Vision: 80% employee benefits None: 4%
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